Hi all,
i was trying to find a 'business' forum under sgforum, and cannot find any and 'money' seems to be the best topic to post my query.
Can any experienced reader advice on my current issue:
Currently running a small business with a parnter, registered with ACRA under 'LLP' which is "Limited Liability Partnership'.
We rented a place with lease of 2 years which is due to end by August next year, now the other partner wants to exit the partnership and 'close' the business by december 2010.
My question is since we are both partners under the LLP, can this partner of mine forcibly close the business without my consent? What can i do if this partner wants to end it and i do not want and would like to continue till august next year.
thanks for any advice from anyone who has read this posts.
thank you very much
regards,
Jon